Not the Bitcoin Jesus
I like Bill Maher, but I don麓t take him serious. 馃槑
He麓s one of the few liberal Liberals left in the USSA, who doesn麓t want to cancel everybody and their mother for hate speech and thought crime, but he麓s probably also a corporate shill.
The funny thing is that some of his points against crypto can also be made against fiat currency (created out of thin air, based on trust and belief), but he麓s just not enough of an economist to get that.
But his killer argument is of course the ecological aspect of electricity consumed for mining. My guess is, if he even ever had heard about proof-of-stake, he of course won麓t bring that one up because it doesn麓t fit his rhetoric.
And J.G. Collins of Seeking Alpha fame has this dire warning to issue:
"Bitcoin investors should beware: Bill Maher's Friday night clarion call against the wasteful use of electricity by cryptos could morph into a tipping point calling for them to be banned. And with government officials, most notably Treasury Secretary Janet Yellen, already hostile to bitcoin, environmentalism may be precisely the pretext needed to carry out stiff restrictions or even a ban on private cryptos."
You can read the whole article here
So the genie is out of the bottle:
Saving the fucking planet by banning cryptos! 馃槀
After Corinna, the next excuse for the implementation of ever more authoritarian measures will be climate change.
But, all my ranting aside, just watch Bill麓s video, it麓s funny nevertheless.
